April 2025 Newsletter

Posted on July 2, 2025March 31, 2026 by Mariana Chavez

The latest sustainability news for the hospitality industry

Q2 2025 – Sustainability update

Navigating Sustainability Labels: Choosing the Right Certification for Your Hotel

With increasing guest demand for sustainability, OTAs and corporate clients requiring green credentials, and new regulations such as the EU Green Claims Directive, navigating the world of certifications can be overwhelming. Our latest webinar breaks down the why, what, and how of green certifications, tackling the key questions.

Missed it? Watch the webinar here

New Zero Waste Service in Partnership with Foodprint Group

We’re excited to launch a new waste management service in collaboration with our US-based partner, Foodprint Group. Powered by their Foodprint Trax® software – now fully integrated with Con-Serve™ – this service combines data-driven insights with a structured zero waste programme to help hospitality businesses measure, analyse, and reduce waste across their operations. This hands-on approach helps set and track diversion and carbon goals, cut waste costs, meet ESG requirements, and highlight sustainability achievements to staff and guests. Get in touch to learn how we can support your journey to zero waste.

Latest upgrades to Con-Serve^TM

Our latest platform enhancements enable you to focus on what matters most: driving real action and making a tangible impact.

Simplify certificate management: streamline EPC and Energy Star ratings tracking and handling, ensuring building rating clarity for global portfolio performance assessment and compliance.

Faster, sleeker map experience: navigate your portfolio more intuitively with our completely redesigned mapping, featuring seamless navigation, enhanced views (satellite, globe, 3D), and improved performance comparison for data-driven decision-making.

ESG form coming soon – allowing sites to obtain a high-level snapshot of their ESG performance and identify high-priority areas for improvement

Learn more about Con-Serve™

Con-Serve™ and GRESB: Streamlining Data Collection and Reporting

The GRESB Assessment Portal opened on 1 April last week, and closes on 1 July at 23:59 PDT (07:59 BST, 2 July). If your organisation is preparing to report, this is the right moment to join Con-Serve™. Early integration will ensure we can collect, validate, and structure your data well ahead of the deadline – giving you time to focus on what matters most: delivering performance and improving your score.

Our Con-Serve™ platform offers enhanced integration with GRESB, streamlining the collection and submission of both qualitative and quantitative data for the annual Real Estate Assessment, eliminating the need for manual data extraction, enhancing accuracy, and reducing the administrative burden on sustainability and operational teams. This structured approach ensures completeness and supports consistent year-on-year reporting.

Upcoming Webinar: Best Practices in ESG Data Management

Join us for an exclusive webinar co-hosted with our UAE-based partner, Sustainability Kiosk, where we’ll introduce our next-generation ESG platform, Con-Serve™, to the GCC hospitality sector. The session will explore practical solutions to common data challenges, covering benchmarking, disclosure, and decarbonisation—aligned with global standards and tailored to the region’s unique operational context. Don’t miss this opportunity to see how Con-Serve™ can help futureproof your business, ensure compliance, and drive cost savings. Register here to join the webinar.

Team Update: Strengthening Our Technical Expertise

We are excited to announce the continued growth of our technical team, reflecting our commitment to delivering high-quality, data-informed advisory. A key area of expansion is our BREEAM In-Use capacity, but we are also enhancing our services related to new construction, refurbishment, and fit-out sustainability frameworks – bridging the gap between design-stage intent and long-term operational performance.

As part of this growth, we warmly welcome Adeola Odunsi and Pria Vaenthen to the Considerate team. An experienced engineering professional with a proven track record managing building services on large-scale developments, Adeola holds a BEng (Hons) in Mechanical Engineering and a Diploma in Industrial Studies from the Institution of Mechanical Engineers (IMechE). Pria has a breadth of experience across data analytics, client management and sustainability, and brings a strong background in environmental compliance and reporting to support the team.

Meet our team

B Impact Assessment 2025

With the celebratory B Corp Month of March having just come to a close, we are proud to share our latest B Impact Assessment. Certified since 2020, this year’s assessment reflects the progress we’ve made across all five impact areas – from governance and team well-being to client outcomes and community engagement.

We’re also thrilled to have supported One Aldwych in becoming the first five-star hotel in London to achieve B Corp certification – a milestone for the hospitality industry and a proud moment for our team.

Read the full article and access the report on our website

Recent industry events

GRI (UK and European RE investors): London, February 2025

One of the earlier events in the annual calendar, focused around real estate finance. Much of the conversation centred on the economic outlook for 2025 and the implications of the new US administration on inflation, lending appetite, interest rates and growth. Cautious optimism was the consensus.

Energy & Environment Alliance (EEA) Sustainability Symposium: London, February 2025

Leading figures from across the hospitality sector came together with the IFRS Foundation to shape new global standards for sustainability reporting. With ESG performance increasingly influencing insurance, investment and lending decisions, the industry is now working to ensure sustainability data is treated with the same rigour as financial data. A global consultation will now gather input from key stakeholders to refine existing standards and propose new ones, informing recommendations to the EU Commission, Global Reporting Initiative (GRI), and Principles for Responsible Investment (PRI). Discussions also underscored the need for standardised metrics, better data systems, role-specific training, and the clear financial benefits of integrating sustainability into core business strategies.

International Hospitality Investment Forum (IHIF) EMEA 2025: Berlin, April 2025

Disruption was the theme across many of the sessions, but the mood was still relatively upbeat with investors and operators hoping to be able to take advantage of opportunities that might come their way.

Catch us next at……

Future Hospitality Summit (FHS) Saudi Arabia: 11 – 13 May 2025

We are always keen to meet current and prospective clients. Please get in touch with Richard Williamson, to arrange a time to meet up: rw@considerategroup.com

SECR Reporting: Time for UK Hotels to Act

Compliance with Streamlined Energy and Carbon Reporting (SECR) disclosures is mandatory for large UK-incorporated companies meeting at least two of the following criteria:

Turnover greater than £36 million,

Balance sheet total of over £18 million, or

250+ employees.

At Considerate Group, we offer end-to-end support for SECR compliance. We have extensive experience producing asset-level reports for individual properties, helping management teams understand their energy and carbon performance in detail. We have also recently completed SECR reporting for a group of luxury hotels, enabling them to meet statutory obligations while gaining insights that support broader sustainability and efficiency goals.

Our SECR approach is about more than just meeting regulatory requirements – it provides the foundation for better data-informed decisions and future energy-saving strategies. If your hotel’s financial year is ending soon and you fall within the scope of SECR, now is the time to act. Please get in touch to ensure your report is accurate, timely, and of greater benefit than just a tick in the compliance box.

Supporting French properties with Décret Tertiaire Compliance

If you operate hotels in France, you’ll know that Décret Tertiaire requirements are well underway—with annual submissions to the government platform OPERAT now expected from all qualifying buildings. Whether you’re facing your first submission or navigating historical data challenges, getting it right is essential to stay compliant and aligned with France’s carbon reduction ambitions.

We’re already supporting hotel clients across France in meeting their Décret Tertiaire obligations. From data validation and carbon trajectory planning to accurate, on-time submissions, our team of sustainability and data experts understands the operational realities of hospitality—and how to meet regulatory demands without overcomplicating the process.

If you’re unsure whether your hotel qualifies, need support with your OPERAT submission, or want to future-proof your compliance approach, we’re here to help. Let’s get your hotels on track. Reach out to us at info@considerategroup.com for a conversation.

EU regulatory update

In February, the EU Commission officially confirmed its Omnibus deregulation package, rolling back key elements of the Corporate Sustainability Reporting Directive (CSRD), the Corporate Sustainability Due Diligence Directive (CSDDD), and the EU Taxonomy, as a direct response to concerns over Europe’s competitiveness, triggered by the protectionist stance of the new US administration.

Despite political and regulatory challenge, major institutional players remain committed to sustainable investment over the long-term, focused on stewardship of their assets in order to meet future liabilities.

Sustainability in the real estate and hospitality sectors has become focused on core priorities: Climate resilience; Decarbonisation and Net Zero; Operational efficiencies and cost reduction.

This aligns with our service offering at Considerate – and with our mantra, it’s all about the data! We recognise that not everyone in the hospitality sector is a sustainability convert, so our approach is data-led, looking for operational savings and prioritising investment with a high RoI and shorter payback period. Today’s agenda is about brand protection, returns, effective risk management and regulatory compliance.

Want to know more?

To find out more about any of our Considerate services, please get in touch:

Email: info@considerategroup.com

Office: +44 20 3865 2052

January 2025 Newsletter

Posted on February 5, 2025March 31, 2026 by Mariana Chavez

Considerate Group

Newsletter January 2025

Sustainable Hospitality Insights

What is the outlook for sustainable hospitality in 2025?

As we look forward to 2025 with a mixture of excitement and trepidation, it is not 100% clear what the coming year will bring for the hospitality sector. Political uncertainty is high with a new US President to be inaugurated next week, German elections pending and an uncertain future for the French government, which together contribute to a lack of leadership from Europe.

In summary, although we expect to see some continued rowing back from overt “wokery” and terms like ESG (with its negative connotations, particularly in the US) in 2025, we expect the underlying drivers of sustainability in the hospitality sector to remain robust, with management teams continuing to make sensible, proportionate decisions in the long-term interests of their businesses:

Globally, real estate and hospitality businesses need to invest far more time and effort in granular, asset-level data-collection to enable data-informed decision-making. Otherwise, Boards will continue to fly blind.
We are likely to see a greater emphasis on investment and maintenance of operating assets (refurbishment), to maintain the value of assets, manage the risk of stranding and deliver operational savings (effective stewardship).
For owners, the focus should be on decarbonisation of their real estate and hospitality portfolios to reduce their carbon footprint – improving efficiency, managing waste streams and reducing operating costs.
And in Europe, a focus on regulatory reporting based on high quality, asset-level data. The timelines for CSRD reporting and EU Taxonomy remain unchanged, with increasing numbers of businesses steadily drawn into the net each year over the next few years.

Our thoughts are set out in more detail below:

Sustainability remains a priority, even though the drumbeat may be quieter. Over the past year, we’ve seen a notable shift in industry rhetoric. Reacting to the political divide, asset management firms have become more discreet in communicating their sustainability programs compared to 18 months ago. A clear distinction has emerged between companies for whom sustainability is integral to their operations and those that approach it as a box-ticking exercise. For 2025, the focus will remain data-driven, with regulation, compliance and decarbonisation key drivers.

There is a clear focus on climate resilience: the body of evidence for man-made climate change is now all-but-irrefutable – the destruction of the wildfires in Los Angeles are just the latest manifestation, adding to the increasing prevalence of extreme weather events around the world – flooding, storms and droughts. The increasing frequency of extreme weather events highlights the necessity for climate-resilient buildings. Climate risk is already increasing insurance costs in the built environment (Florida, California and indeed across the UK) and will have an increasing impact on location decisions, valuations and financing over the coming years. Climate risk mitigation and adaptation is an urgent priority.

Inflation is expected to fall further in 2025, having peaked at 10.6% in the Euro area in October 2022, before falling back in 2023-24. Investors are hopeful that inflation and interest rates will continue to come down around the world, but this depends critically on US policy. Interest rates could remain higher for longer than initially anticipated if inflation is stubborn.

Market participants anticipate a potential return of real estate M&A, potentially from as early as Q225 once a few more Unknowns become better Known. CBRE forecasts a nearly 15% increase in European real estate investment activity in 2025. M&A in the real estate sector is poised for growth, however geopolitical risk is likely to continue to restricting capital flows into the sector in Q1 2025. Yet, downside issues remain as payroll remains a key driver of inflation and expenses remain elevated, due in part to labour costs and ongoing materials shortages. Together with the prospect of refinancing deals as lenders seek to unwind positions rolled over since COVID, there is the potential that distress – or at least, market dislocations – might appear.

Institutional investors are increasingly shying away from assets with a risk of stranding, deflating the price of under-invested assets and steadily leading the market away from “brown” projects. JLL has suggested that “For many, the decision remains between upgrading or selling at a discount”.

This could result in a scarcity of “assets to satisfy both value-add investors and occupational requirements, [so] we could soon see capital expenditure extend beyond prime locations and opportunities.” If you can’t sell, then refurb to extend the commercial life of the asset.

Travel demand remains robust, driven by both leisure and business segments, as consumers prioritise experiences. The hospitality sector in the UK and Europe has proven resilient in the face of a mixed economic outlook for 2025 (rising operational costs, supply chain challenges and regulation). PGIM has indicated that the strong recovery in travel demand and subdued supply is driving expectations for ongoing growth in revenue per available room (RevPAR) across all of Europe in 2025. The anti-tourism protests seen in 2024 and resistance to Air B&B may even have a positive upside for institutional hospitality investors. If you own a hotel in a market where supply growth is restricted, it creates a barrier to entry and underpins your asset long term. Despite economic uncertainties, the US hospitality outlook remains promising as a Trump-fuelled market boom and lower interest rates drive investment and expansion.

In the Middle East, Saudi Arabia remains the focal point for hospitality growth as it develops its tourist offering under Vision 2030. This programme, with Sustainability a key pillar, is intended to generate jobs and diversify the economy away from its reliance on oil. More mature hospitality markets across the GCC, including the UAE, Qatar, Oman and other GCC states are also starting to embed sustainability, led by government pressure and the expectations of international tourists. Across the GCC, the “S”, the social aspects of ESG (for example, heritage, culture, community engagement, job creation and accessibility) remain key focus for the region for 2025 and beyond.

In terms of sustainability regulation, whilst the EU benefits from a cohesive regulatory approach, the US landscape remains fragmented, with varying standards across cities and states. Despite an expected rowing back of regulation at the federal level, this patchwork of state and city level legislation will persist. The lack of a unified national approach makes compliance challenging, so investors need to stay focused on ESG data collection, compliance and reporting.

Con-Serve™

Introducing Con-Serve’s Investment Plan/CRREM functionality

Last year, we were excited to introduce Con-Serve™ 2.0, the latest version of our ESG data intelligence platform, developed in collaboration with Deepki. This partnership combines our in-depth knowledge of sustainability in the hospitality sector with Deepki’s expertise in real estate and tracking utility performance, resulting in a platform tailored to meet the industry’s unique needs.

As part of our 2025 newsletter series, we will take a closer look at one of Con-Serve™’s features in each edition, offering practical insights into how the platform can help turn sustainability goals into actionable results.

This quarter, we are focusing on:

The Investment Plan – a key tool designed to turn data into meaningful action

You can see the feature in action here.

The Investment Plan offers a clear overview of planned sustainability initiatives, whether you are looking at your entire portfolio or focusing on a specific property. It enables you to plan and project savings associated with measures such as improving insulation, replacing chillers, installing building management systems (BMS), or adopting renewable energy solutions. The platform visualises the impact of these initiatives, allowing you to measure progress against energy and carbon reduction goals. Crucially, the Investment Plan is integrated with a location and industry-specific CRREM pathway—a benchmark aligned with the 1.5°C warming target of the Paris Agreement—so you can ensure your efforts are in line with global climate commitments.

In addition to tracking progress, the Investment Plan helps highlight risks, such as “stranding risk” against the CRREM pathway. This means identifying properties that are falling behind benchmarks and may require significant investment to bring them back on track. Armed with this insight, you can prioritise impactful actions, make informed decisions about resource allocation, and ensure your portfolio remains resilient—both environmentally and financially.

We look forward to sharing more about Con-Serve™’s capabilities in upcoming newsletters, showcasing how it is driving sustainability in the hospitality sector and supporting measurable progress.

Out and About

Looking ahead over the next couple of months, Considerate Group will be attending the following events:

Oxford Economics: Global Economic Outlook Conference 2025

155 Bishopsgate, 5 February 2025

Hotel Industry Development Event (HIDE)

Pullman London St Pancras, 11 February 2025

GRI UK & Europe Reunion 2025

Four Seasons, Park Lane, 27 February 2025

ITB Berlin

Berlin ExpoCenter City. 4-6 March 2025

Please get in touch with Richard Williamson, to arrange a time to meet up. rw@considerategroup.com

Recent Events

Considerate @ Skift Global Forum East and the International Women in Travel Tourism Forum (IWTTF)

As part of a broader Middle Eastern client tour, Léa Jacquot Benson, Sustainability Manager at Considerate Group, headed to Dubai last November to attend the Skift Global Forum East and the first Gulf edition of the International Women in Travel Tourism Forum (IWTTF).

Léa said: “The Skift Forum offered a deep dive into the innovation reshaping travel in the Middle East. From emerging as a global hub to balancing heritage with sustainability, conversations with key players including Red Sea Global, Qiddiya and Dubai Corporation of Tourism were refreshing and inspiring – with exceptional words of wisdom from Lina Annab, Jordan Ministry of Tourism and Antiquities”.

Considerate @ GRI Credit Opportunities & RE Debt 2024

As a membership club for real estate investors, the GRI Club attracts a high calibre of senior representation from across the UK and European real estate investment community. Together with a few hundred senior representatives from European banks and alternative lenders, private equity investors, secondaries and special situations funds, Considerate attended GRI Credit Opportunities & RE Debt 2024 at the Four Seasons on Park Lane. As part of an assessment of the state of the market (real estate capital allocations, credit and debt finance markets), discussions included lending appetite, the direction of rates, project margins and the direction of the global economy in 2025.

Considerate @ the World Sustainable Hospitality Alliance Autumn Summit 2024 (Mainstreaming Net Positive Hospitality) and

The Hospitality Show, San Antonio

Integrated within the broader Hospitality Show, over three days the WSHA hosted almost 100 senior leaders across the hospitality industry. Considerate presented on “2025 and beyond…. utilising metrics and shaping data best practice in the hospitality sector”, focused around ESG data platforms and data best practice. The subsequent panel session included expert insight from Megan Brumagim, VP, Upscale Brands & CSO at Choice Hotels, Ryan L. Butler, Corporate Director, Sustainability + Energy at PM Hotel Group, Marianne Balfe, VP of Sustainability at Highgate (US/European hotel owner and operator) and JoAnna Abrams, CEO at MindClick.

With Considerate’s support, the WSHA launches the World Academy

We are delighted to have supported our long-term partner, the World Sustainable Hospitality Alliance (WSHA), in the development of the newly launched World Academy for Sustainable Hospitality.

This pioneering online learning platform is designed to equip hospitality teams with the tools and knowledge to translate the sector’s ambitious Net Positive vision into actionable change. Built in response to the industry’s call for a holistic, practical training resource, the Academy delivers tailored sustainability training for every hotel department – from front-line teams to C-suite leaders – and serves as a catalyst for behavioural change across the sector.

Drawing on our deep expertise in sustainable hospitality, Considerate Group contributed to the content of several training modules, further building on our earlier collaboration with the WSHA on the HCMI methodology and the Pathway to Net Positive Hospitality framework.

Together, we’re empowering the industry to make sustainability a shared priority and a tangible reality. Find out more

Wrap-up

Having supported our clients to make hospitality more sustainable for more than 12 years already, the team at Considerate remains committed to providing the ongoing support hospitality owners and operators need to thrive in an evolving environment.

We wish all our clients and partners a successful year in 2025 and we look forward to partnering with you on your sustainability journey.

To see Considerate’s full range of services, Click Here

Email: Info@considerategroup.com

Office: +44 20 3865 2052

5 Merchant Square, London W2 1AY

November 2024 Newsletter

Posted on February 5, 2025March 31, 2026 by Mariana Chavez

Considerate Group

Newsletter November 2024

Sustainable Hospitality Insights

Con-Serve™ Launches

Launch of Con-Serve™ 2.0:

Redefining ESG Data Management in Hospitality

In September, we proudly launched Con-Serve™ 2.0, the enhanced version of our cutting-edge ESG data platform designed specifically for the hospitality industry. Developed in partnership with Deepki, leaders in ESG real estate technology, Con-Serve™ 2.0 is set to transform how the hospitality sector approaches ESG data management and reporting.

To mark this launch, we hosted a series of exclusive webinars, showcasing Con-Serve™ 2.0’s enhanced functionalities. If you missed these sessions, a recording is available here. Additionally, we collaborated with our long-term partners, the World Sustainable Hospitality Alliance (WSHA), to deliver a webinar highlighting to their members how Con-Serve™’s capabilities support data management best practice.

Over the past two months, our team has presented Con-Serve™ 2.0 at premier industry events, including the Future Hospitality Summit (FHS World) and Responsible Hoteliers Summit in Dubai, along with the Independent Hotel Show in London and the World Sustainable Hospitality Alliance Summit in Texas.

In a growing field of ESG data platforms, Con-Serve™ 2.0 stands out by uniquely integrating real estate technology within a hospitality-specific platform, allowing for detailed, asset-level data capture. This tailored approach meets the distinct needs of the hospitality sector, enabling more effective and informed ESG management. For further information or to schedule an online Con-Serve™ demo, please contact Lizzy Coates, Senior Sustainability Consultant, LizzyC@considerategroup.com

Industry Insight

Is there evidence of a ‘Green Premium’

in the hospitality Sector?

We have been asked by asset management clients if we can evidence the relationship between ‘green investment’ and improved return on investment (RoI) over a typical period of ownership for assets in the hospitality sector. The avoidance of a brown discount (and/or avoidance of the risk of being left holding a stranded asset) is far clearer, but specifically: Can we point to evidence for a ‘green premium’ in the hospitality sector?

The short answer is that we cannot offer clear, quantitative guidance on a direct correlation between ££/$$/€€ of green investment and RoI today. At least in part, this is due to slow M&A markets over 2023/24, coupled with hospitality assets being heterogeneous (star rating, size, breadth of facility, historic vs new-build, urban vs rural, resorts), with diverse characteristics, meaning that effective reference points in the sector remain few and far between.

However, I will share our thoughts on the justification for a ‘green premium’ and the qualitative support that exists today. As the quantitative evidence base builds, we believe that this will undoubtedly lead to a clear indication of the existence of a green premium – it is just a matter of time and the sufficiency of datapoints.

Our argument to this is as follows:

1. The existence of a ‘green premium’ for office is more readily identifiable than for hospitality because it is:

a) more liquid

b) more homogeneous

However, rationally, if a ‘green premium’ applies to office, it should also apply to hospitality – it is just a question of estabslishing the evidence base.

2. The qualitative argument for a ‘green premium’ in hospitality

a) At its core, sustainability in the hospitality sector is about managing the long-term value of an asset – ensuring that the asset is well-maintained, thereby reducing operational costs and ensuring that it is readily saleable at the end of its period of ownership (mitigating the risk of the asset becoming stranded).

b) For the investor, investment in sustainability offers the prospect of better long-term operating margins through a reduction in operating costs. Taken together with the potential for an expanded acquiror audience for green assets at exit, this helps to support the prospect of elevated exit multiples, to provide a double whammy (improved profits + increased multiple) of an uplift on exit. Underpinnings to this uplift include:

i. Mitigation of climate and environmental risks

ii. Regulatory compliance and management of future regulatory risk

iii. Enhancement of commercial returns through margin enhancement and maximisation of the potential field of bidders on exit

iv. Avoidance of commercial risk of brown/stranded assets

v. Qualification for green loans (improved debt terms)

c) Certain PE funds/asset managers have value-add/turnaround strategies, based around targeting under-ESG-invested hospitality assets, accelerating investment, and seeking green certification ahead of on-sale on preferential terms (improved profits + multiple uplift).

d) But a specific green premium is hard to evidence in a slow M&A market.

3. PACE Dimensions – Considerate Group recently sat in on a high-level presentation from PACE that starts to provide the evidence base and business case for investment in sustainability for owners, operators, and brands. This highlights that certain cohorts of hotel guest are prepared to pay a premium for ‘green’ hotel stays that resonate with their own core convictions i.e. hotels can charge more for being ‘green’.

4. We have supported multiple clients to qualify for green bonds / finance, where LEED and BREEAM construction standards, as well as BREEAM-in-USE (BiU) operational assessments at Good/Very Good levels are critical to success. Although we have not been involved, COVIVIO Hotels represents a recent public example of such a green finance framework, and its latest bond issuance highlights that LEED, BREEAM and CRREM decarbonisation pathways are key to accessing green finance

a) COVIVIO Hotels €500m green bond issuance 2033

b) Green Financing Framework

5. Other evidence we have identified includes

a) Hotel investors are focused on upgrading older properties amid a challenging debt market

b) The impact of sustainability certifications on performance and competitive action in hotels – Simone Bianco, Shaniel Bernard, Manisha Singal

c) Environmental certification and hotel market value – Shaniel Bernard, Juan Luis Nicolau

CONCLUSION

The evidence for a ‘green premium’ is now visible in office data and will, we believe, also become visible in hospitality data once M&A volumes pick-up again. The lack of quantitative evidence for a ‘green premium’ in hospitality today is rather more due to the fact that there is a lack of data points, than the evidence being equivocal.

Energy Assessment Project

Luxury hotel group

We’re delighted to announce another successful collaboration with one of our esteemed clients! Considerate Group is pleased to share that we have recently completed a short-term project commissioned by the asset management firm of a leading hotel brand. This project involved the delivery of a series of nine comprehensive Energy Assessments, conducted across a diverse range of ultra-luxury properties spanning the USA, UK, France, and Italy.

Through our detailed understanding of each property, with a variety of restaurant and spa operations and unique site-specific challenges, we tailored our recommendations to be actionable and aligned with the operational and technical needs of each site.

We carried out thorough analysis, including detailed site visits, providing our clients with insight and recommendations for capital expenditure over the next 1-5 years. Recommendations were accompanied by detailed cost estimations and projections of annual energy savings, empowering our client to make informed strategic decisions.

Thanks to the support of the headquarters and the proactive responsiveness of each hotel in providing necessary data, we were able to provide detailed insights into each property’s energy use and emissions when compiling the individual property reports. Additionally, a summary report was created to provide a quick overview of the energy use, emissions and efficiency recommendations across all nine properties.

If you’re interested in enhancing your sustainability strategy and maximizing energy efficiency while optimising your financial resources, we invite you to reach out to Lizzy Coates, Senior Sustainability Consultant, LizzyC@considerategroup.com. Let’s work together to create a greener, more sustainable future.

Out and About

World Sustainable Hospitality Alliance (WSHA) annual Mainstreaming Net Positive Hospitality Summit (28-30 October) at The Hospitality Show in San Antonio, Texas

This was the WSHA’s first event in the US, hosting a conference within a conference. The main Hospitality Show included an exhibition as well as a conference attended by some 5,000 mainly US attendees. Integrated within the broader show, the WSHA attracted almost 100 senior leaders across the hospitality industry, with a clear American flavour to the summit. Considerate led one of the primary discussion topics, with a presentation entitled “2025 and beyond…. utilising metrics and shaping data best practice in the hospitality sector”, focused around ESG data platforms and data best practice. This led ion to a panel session on the topic, with expert insight from Megan Brumagim, VP, Upscale Brands & CSO at Choice Hotels (international hotel franchisor), Ryan L. Butler, Corporate Director, Sustainability + Energy at PM Hotel Group (US hotel operator), Marianne Balfe, VP of Sustainability at Highgate (US/European hotel owner and operator) and JoAnna Abrams, CEO at MindClick (intelligence and consultancy on sustainable products and services). Other major topics discussed centred around consolidation of certifications for the hospitality sector (positioned alongside verification and accreditation), led by the GSTC as well as a panel discussion on Global Synergy for Sustainable Hospitality: Leading Voices from China, Asia-Pacific, the US, Middle East.

FHS World, Dubai 30 September-2 October

The Future Hospitality Summit (FHS World), located at Jumeirah Dubai, attracted a senior mix of c 1,500 owners, investors, brands and operators, as well as service providers. The conference had a clear focus on the Middle East, but also included perspectives from Africa, Asia Pacific and Europe. Amongst attendees, there was strong representation from the UAE, but also solid attendance from Saudi Arabia and the giga-projects. Considerate played a key role in helping to curate the sustainability strand of the conference, identifying speakers and panellists, including Radhika Arapally from Sustainability Kiosk, Considerate’s UAE partner firm. Considerate delivered a presentation on the Summit Stage on “Decarbonisation and the Pathway to Net Zero. Start with the data! Best practice in data measurement”, helping to build awareness of the September launch of Con-Serve™ 2.0.

Responsible Hoteliers Summit, Dubai 3 October

The day following FHS World, Sustainability Kiosk, Considerate’s UAE partner, held a summit based in Anantara, the Palm. This attracted more than 100 GMs, Heads of Engineering, facilities management, and sustainability teams for principally Dubai-based hotels (including Minor Hotels, First Group, Rove, Millennium, FIVE, Emaar, Jumeirah etc.), together with Abu Dhabi groups. It was a very hands-on event, with practical sessions on identifying and implementing sustainability solutions, together with presentations from a range of service providers. To great interest, Considerate presented Con-Serve™, powered by Deepki, its hospitality ESG data intelligence platform. The summit was an ideal opportunity to talk to hotel companies face-to-face and cement our relationship with Sustainability Kiosk.

GRI Europe, Paris 10-11 September

As a membership club for real estate investors, the GRI Club attracts a high calibre of senior representation from across the UK and European real estate investment community. Animal spirits have been dampened over the course of 2023/4 by stubborn inflation, high interest rates on debt, the cost-of-living crisis and a consequent lull in M&A. However, at GRI Europe, the club’s flagship event at the InterCon, Paris Le Grand, there was a belief that sentiment was starting to change. With interest rates likely to continue falling and, with uncertainty around the US election out of the way in 2024, H125 should be a year when transactions restart. There were a range of sustainability sessions over the two days, where Considerate shared its views on the necessity of collecting asset-level data to support decarbonization and net zero strategies, to reduce operating costs and ensure regulatory compliance.

Please get in touch with Richard Williamson, to arrange a time to meet up. RW@considerategroup.com

Email: Info@considerategroup.com

Office: +44 20 3865 2052

5 Merchant Square, London W2 1AY

August 2024 Newsletter

Posted on September 23, 2024March 31, 2026 by admin

Considerate Group

Newsletter August 2024

Sustainable Hospitality Insights

Launching our new website

We are thrilled to announce the launch of our brand-new website, designed with you in mind! After months of hard work and dedication, our new online home is live and ready to provide you with an enhanced experience.

Whether you are looking for detailed information on our products and services or examples of our work the website puts all the information at your finger-tips that you need. If you are interested in learning more, please follow this link https://considerategroup.com/conserve-ESG-data-and-reporting-hotel-platform/ and you will receive information about our upcoming live Con-Serve™ demos. Our revamped site offers it all.

We invite you to explore the new features and discover everything our new site has to offer. Visit us at https://considerategroup.com/ and let us know your thoughts.

Comprehensive Sustainability Solutions

At Considerate Group, we pride ourselves on being your “one-stop sustainability shop”, offering a suite of tailor-made solutions for the hospitality sector to address the sustainability challenges faced by hotels and tourism businesses worldwide.

We understand the hospitality sector’s unique demands regarding decarbonisation, compliance, certification, reporting, and risk management. We have developed a tailored range of products and services to meet these needs including hotel energy assessments, customised ESG strategies, pathways to net zero, ESG due diligence products, certification and accreditation support, gap analysis, and training workshops.

Visit our new website https://considerategroup.com/ to discover our products in more detail and see how we can support your sustainability journey!

Con-Serve™ Announcement

Exciting enhancements to Con-Serve™: Our Leading ESG Data Intelligence Platform Tailored to the Hospitality Industry!

We are excited to announce significant upgrades to Con-Serve™, our ESG data intelligence platform. Developed in partnership with Deepki, the market-leading ESG data intelligence firm, the enhanced platform, Con-Serve™ 2.0 now features new functionality, delivering a fully automated, state-of-the-art solution that better meets major international standards and frameworks.

Designed by hospitality experts specifically for the hospitality sector, the upgraded Con-Serve™ platform launches on 10th September, offering users:

A robust ESG data collection and reporting platform with a 10-year track record
Developed specifically for hotel operations, incorporating hospitality-specific metrics to give unmatched operational insight
A centralised solution catering to engineers, finance teams, and sustainability professionals
Global reach, with over 4,000 connectors for automated data feeds and comprehensive benchmarking
Customised reporting tailored to various team members’ needs
Advanced benchmarking with datasets like HCMI, Cornell Hotel Sustainability Index, Deepki ESG Index, GRI and ENERGY STAR®
Trusted by international investors and hotel operators alike
Supported by Considerate’s team of expert data analysts
Alignment with global standards and frameworks including CRREM, SBTi, GRESB, EU Taxonomy, and SFDR
Compliance with ISO 50001 and certified with ISO 27001
BAFA listed in Germany
Seamless onboarding and support

We’re thrilled to embark on this partnership with Deepki, helping empower the hospitality industry to manage their ESG data precisely and efficiently. Stay tuned for more updates and join us in leading the way to a more sustainable future!

Industry Insight

Asset Acquisition

Clients often ask whether we can see evidence that hotel brands and investors choose to avoid the acquisition of hotels without a specific level of green / energy efficiency rating to avoid damaging their own sustainability strategies / net zero commitments.

We have not seen specific evidence that the hotel brands discriminate as yet (we recognise that they oversee huge portfolios and operate globally, so consequently have to set an achievable bar across all these markets to ensure they can deliver consistent levels of standard and service), but we do see investors picking and choosing carefully:

Certain classes of Core, Core Plus investor are undoubtedly now avoiding assets that carry a substantial refurbishment programme to mitigate the risk of becoming stranded
Whereas, other Alternative/Turnaround investors are attracted to under-ESG-invested assets at the right price as turnaround plays
But no rational investor wants to be left holding difficult (or potentially impossible) to sell assets after a typical 5-7 year hold period
The trend is clear that demand for ESG-poor assets will weaken, although enduring high prices for ultra-luxury trophy assets (often historic, landmark buildings with low energy efficiency) muddy the waters

Importantly, lenders are incentivised to avoid financing under-ESG-invested assets, to ensure that the asset they are lending against retains its future value

As much as anywhere, the banking sector – driven by EU regulation – is where governments are applying pressure to drive changes in investment approach and behaviour
To satisfy regulators, banks are increasing the percentage of their lending classified as “green loans”. The Net-Zero Banking Alliance sets out best practice in its Climate Target Setting for Real Estate Sector Financing
Considerate has been working with a specialist international property and hospitality lender to develop and roll out an ESG credit report for their new and existing hospitality loan portfolio.

The disconnect between institutional investors (taking a structured approach to net zero goals) and certain private investors (wokery, fad), suggests that there may be an opportunity to exit more challenging properties and sell them to more sceptical investors before the views of these sceptics start to align with the rest of the market.

For ESG assets, evolving guest expectations are likely to erode margins, leading to them becoming operationally unattractive over the medium-term.

As was the case with GDPR, we believe that EU ESG regulation (EU Taxonomy, CSRD, double materiality assessments) will steadily become a de facto global standard, with similar legislation being adopted worldwide.

Shawn Hesse from JLL, highlighted KPMG analysis of ULI Europe 2023 survey data that supports this position – that investors are increasingly prepared to walk away (and indeed are walking away) from deals with a red flag from ESG due diligence.

“STRANDED ASSETS”

Investment plays or avoid like the plague

As ever, dislocations in the market present opportunities for investors as well as risks. Where some investors shy away from the risk of stranded assets, others are actively looking for opportunities to pick up hospitality assets on the cheap – to invest, refurbish, renovate and deliver outsize returns to their investors.

Based on research from over 200 European property investors and managers in Q423 (Urban Land Institute), 61% said that they had walked away from potential acquisitions because of concerns over holding a stranded asset – an assessment of transition risk had resulted in the acquisition not proceeding. Separately, 54% indicated that they had allocated assets for disposal because of transition risk.

The concept of stranded assets is not new, these are assets that have suffered unanticipated or premature write-downs or devaluations due to changes in their risk profile. However, in the current context, investors’ concerns focus on assets that risk becoming stranded due to climate change. By way of example, Lim Chow Kiat, CEO at GIC, noted in the opening letter of GIC’s 2023/24 annual report that the effects of climate change are becoming “both more intense and unpredictable”. Climate impacts must now be one of the key factors to consider when assessing potential investments.

Stranding risk as ecologic obsolescence

The failure of a building or infrastructure to reduce GHG emissions and energy use below the pathway target at any point in the future results in a so-called ‘stranded’ asset – a form of building obsolescence.

CRREM analysis – investing behind (“stranded” asset) and ahead of the curve

With many businesses re-evaluating their office footprint amid changing work patterns, office leasing has been falling in cities around the world. According to JLL research (Feb 2024), global office leasing volumes are around 6% lower than a year ago, and 24% below their pre-pandemic levels.

This is a factor behind investors considering converting offices to other uses, from housing to hotels. Where refurbishment upgrades a building’s quality and sustainability, repurposing, which is typically considered at the end of a building’s lifespan, adapts buildings for new uses. Ever-tightening sustainability regulation is a clear driver as it means heavy capital investment and carbon impact.

Stranded asset risk can present M&A opportunities

As a result of stranding risk, we expect to see more assets being repurposed, which may present M&A opportunities as mismatches emerge between assets and the risk appetites of their owners. Liquidity constrained asset owners may prefer to divest rather than repurpose or enhance a building. Whereas longer-term institutional investors are likely to prefer to buy and hold higher quality assets as a lower-risk strategy, more nimble investors, for example private equity, may see ESG-challenged assets as a source of additional return, an “ESG turnaround strategy”.

Well-funded active investors with a high-risk appetite are likely to be leading the charge.

Out and About

Considerate at the NYU International Hospitality Industry Investment Conference (NYU IHIIC)

At the start of June, our CEO, Benedetta Cassinelli, had the pleasure of joining a panel moderated by Julie Rey-Gore from Questex on “the Returns on Sustainability” at NYU IHIIC, in New York. As well as Julie, she participated alongside Anne Becker Olins from Accor and Paul Stanley from Wells Fargo.

The discussion ranged across the benefits of sustainable strategies for asset value, cost savings and risk mitigation, the role of sustainable financing products in the financing mix, measuring and reporting on ESG, the various frameworks and certifications for real estate (they’re not a perfect fit for hospitality real estate) and the importance of aligning the objectives of all stakeholders from asset owners, operators, brands, shareholders and consumers.

The Sustainable City Charter Summer Showcase

Considerate also joined the Sustainable City Charter Summer Showcase, jointly hosted by the City of Westminster and the Westminster Property Alliance. This is a business-led climate action pledge and network for organisations based in Westminster.

The Sustainable City Charter aims to build a broad network of forward-thinking businesses and organisations of all sizes and from all sectors, collectively committed to driving progress towards a net zero carbon city by 2040. The Charter contains eight commitments for reducing carbon emissions from non-domestic buildings.

Considerate at the GRI Club

Also in June, our COO, Richard Williamson, joined the GRI Beds event at the Sofitel St James Hotel in London, where discussions covered a spectrum of asset classes, including BTR (Build to Rent), Serviced Residential and Hospitality.

With conversations led by investors and capital, the broader macro-economic climate and its impact on interest rates, pricing and deal flow were core themes. Reallocation of capital into the European residential and hospitality markets is evident, with a particular influx of capital into the PBSA and BTR sectors, driven in part by the enhanced yield and income on offer. However, new developments in the Beds sector also saw soaring construction costs – a 25% increase in the past year alone. There was plenty of time for discussion on ESG and sustainability best practice. Discussions revolved around the Future of Hospitality Portfolios – Optimise Space, Decarbonise or Digitise? And People & Place, Collaboration, ESG & serviced-driven assets for the win?

Coming Up

Looking ahead, Considerate Group will also be:

· Attending Europe GRI 2024 in Paris on 10-11 September (France)

· Attending the London Real Estate Forum in London, 25 September (UK)

· Speaking at FHS World in Dubai, 30 September – 2 October (UAE)

· Supporting the Responsible Hoteliers Summit in Dubai, 3 October (UAE)

· Presenting at the Mainstreaming Net Positive Hospitality Summit at The Hospitality Show in San Antonio, Texas, 28-30 October (USA)

We would be delighted to meet up with both existing and prospective clients and of course, friends and contacts from the real estate and hospitality sectors at any of these events.

Please get in touch with Richard Williamson, to arrange a time to meet up. RW@considerategroup.com

Email: Info@considerategroup.com

Office: +44 20 3865 2052

5 Merchant Square, London W2 1AY

Newsletter January 2025

Sustainable Hospitality Insights

﻿What is the outlook for sustainable hospitality in 2025?

Con-Serve™

Out and About

Recent Events

With Considerate’s support, the WSHA launches the World Academy

Wrap-up

To see Considerate’s full range of services, Click Here

Email: Info@considerategroup.com

Newsletter November 2024

Sustainable Hospitality Insights

Con-Serve™ Launches

Industry Insight

in the hospitality Sector?

Energy Assessment Project

Luxury hotel group

Out and About

Email: Info@considerategroup.com

Newsletter August 2024

Sustainable Hospitality Insights

Launching our new website

Comprehensive Sustainability S﻿olutions

Con-Serve™ Announcement

Industry Insight

Asset Acquisition

“STRANDED ASSETS”

Investment plays or avoid like the plague

Out and About

Email: Info@considerategroup.com

What is the outlook for sustainable hospitality in 2025?

Comprehensive Sustainability Solutions